The Minneapolis-St. Paul metro has achieved its largest total employment and labor force in its history: 1.89 million people are now employed in the region, according to the most recent estimates available from the BLS. Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.%. At the national level, March employment growth was slightly lower than February, but still strong with 215,000 net new jobs. Unemployment ticked up slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the subsector level, goods-producing segments such as manufacturing fell into contractionary mode, while education, health and retail continue to surpass professional and business services (PBS).

1. Total jobs vs. unemployment rate: MSP
Source: JLL Research, Bureau of Labor Statistics
Job growth/loss by sector (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
Industrial employment trends (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
• The Minneapolis-St. Paul metro has achieved its largest total employment
and labor force in its history: 1.89 million people are now employed in the
region, according to the most recent estimates available from the BLS.
• Educational and health services were responsible for the largest share of
Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand
jobs. Continuing the trend of recent months, industrial sectors once again
outperformed office sectors, contributing 25.4% of total growth compared to
office’s contribution of 23.%.
• At the national level, March employment growth was slightly lower than
February, but still strong with 215,000 net new jobs. Unemployment ticked up
slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the
subsector level, goods-producing segments such as manufacturing fell into
contractionary mode, while education, health and retail continue to surpass
professional and business services (PBS).
Employment Update
Minneapolis-St. Paul | April 2016
5.0%U.S. unemployment
1.9%U.S. 12-month job growth
3.9%MSP unemployment
1.8%MSP 12-month job growth
3.7%Minnesota unemployment
1.3%Minnesota 12-month job growth
Office employment trends (12-month change): MSP
Source: JLL Research, Bureau of Labor Statistics
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
1,550,000
1,650,000
1,750,000
1,850,000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Total Employment
Unemployment
-100
1,500
1,700
1,700
1,800
2,300
3,600
4,000
6,000
11,300
Information
Manufacturing
Professional & Business Services
Mining and Logging
Other Services
Government
Trade, Transportation & Utilities
Financial Activities
Leisure & Hospitality
Educational & Health Services
Peak: 1,891,323 jobs
-20.0
-10.0
0.0
10.0
20.0
30.0
2011 2012 2013 2014 2015 2016
Financial Activities
Professional and Business Services
Information
Government
In thousands
-5.0
0.0
5.0
10.0
15.0
20.0
25.0
2011 2012 2013 2014 2015 2016
Mining, Logging & Construction
Trade, Transportation & Utilities
Manufacturing
Other Services
In thousands

2. Industry employment stratification
Minneapolis-St. Paul
Source: JLL Research, Bureau of Labor Statistics
©2016 Jones Lang LaSalle IP, Inc. All rights reserved.
Employment statistics
Minneapolis-St. Paul
February 2014 February 2015 February 2016
Total Non-farm
Employment
1,848,100
1.5%
1,883,000
1.9%
1,916,600
1.8%
Unemployment Rate 4.9% 4.1% 3.9%
MSP supersectors February 2014 February 2015 February 2016
Mining, Logging &
Construction
58,700 8.9% 64,200 9.4% 66,500 3.6%
Manufacturing 186,200 1.3% 191,500 2.8% 192,500 0.5%
Trade, Transportation,
& Utilities
334,500 1.5% 339,600 1.5% 343,800 1.2%
Information 39,600 -1.5% 38,500 -2.8% 38,500 0.0%
Financial Activities 144,100 0.1% 145,800 1.2% 148,500 1.9%
Professional &
Business Services
289,500 0.8% 296,100 2.3% 297,900 0.6%
Educational & Health
Services
304,600 2.2% 311,600 2.3% 323,900 3.9%
Leisure & Hospitality 163,100 2.1% 167,100 2.5% 172,200 3.1%
Other Services 77,200 -0.6% 77,400 0.3% 79,200 2.3%
Government 250,600 1.5% 251,200 0.2% 253,600 1.0%
18%
17%
15%13%
10%
9%
8%
4%
4% 2%
Trade, transportation and Utilities Educational and Health Services
Professional and Business Services Government
Manufacturing Leisure and Hospitality
Financial Activities Other Services
Mining, Logging and construction Information
For more information, please contact:
Carolyn Bates │ carolyn.bates@am.jll.com